China’s biggest coffee chain opens its first US locations
Vocab level: B2
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In business news, big cities like New York and LA are seeing an increase in foreign businesses setting up shop
despite those back and forth trade taxes or tariffs that have been recently enforced.
US consumers seem particularly interested in companies from China.
CNN's Vanessa Yurkevich and Marc Stewart report from two different continents on why the companies are courting American customers.
America's latest coffee chain isn't from America.
It's from where I live; Luckin Coffee is from China.
Luckin just opened its first two locations right here in New York City, they are huge in China.
Here in China, Luckin overtook Starbucks back in 2019.
Right now, it has about 22,000 stores across the country.
You can understand why it has its eye on the US.
How did you hear about Luckin?
I actually heard about it from TikTok.
Um, apparently it's China's number one coffee chain.
So, we really wanted to try it.
It's actually really good.
Here in China, Luckin is known for its cheap prices.
This is a specialty latte with oat milk.
It only costs about $1.25 US.
Do you think they'll be successful in the United States?
If they are cheaper as they are in China now, I think they will... be
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